Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs. Analysts suggest silver may challenge its 10-year peak of $34.87, though some remain cautious due to the metal’s volatility and its lag behind gold in 2024.
Silver has gained 14% in 2025 after rising 21% in 2024, supported by rising U.S. Comex futures prices amid concerns over a potential U.S. trade war due to proposed import tariffs. The March silver contract increased 3.3% to $33.79. The premium between CME futures and London spot prices has caused market volatility, drawing significant inflows into COMEX-approved warehouses. CME silver stocks surged 22% to 375.8 million ounces since November 24, when President Trump announced tariffs on Mexico and Canada, later delayed until March.
Copper prices also hit a three-month high, supporting silver. Meanwhile, London Bullion Market Association data revealed an 8.6% drop in silver inventories to 23,528 tons in January, the largest monthly decline since 2016.
Despite bullish trends, analysts caution against silver's volatility, noting its price movements often exceed gold’s by 2-2.5 times. Technical concerns arise as silver traded between $22-35 in 2024 compared to $19-27 in 2023. Industrial demand, comprising half of silver’s usage, could face challenges if a trade war hampers global growth. Additionally, fewer U.S. Federal Reserve rate cuts and slowing Chinese growth may pressure silver prices further.
The silver market's volatility and external economic factors will likely continue to influence its trajectory, with investors closely watching its attempt to reach the $35 threshold.


Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 



